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Technically speaking, the overall outlook for the USD against CHF will be majorly bearish in the following days. Short-term 20 SMA just penetrated the 60 SMA from above to induce the new round of decline, but the pair is very close to the November low on 0.99 which will be a psychological mark to overcome. Technical readings suggest an extended bearish trend for the pair as the reading is steady below 40. Bull power is significantly below the bench and no signal to upend the trend. However, the support will be unchanged and hard to break.&nbsp;
On the flip side, the recovery to the 1.00 can claim the end of the bearish tendency.

Risk aversion drived CHF to appreciate

Dec 01 2020